Raven to Acquire Majority Ownership of DOT Autonomous Platform
As the designer and manufacturer of a unique U-shaped diesel-powered autonomous platform that can handle myriad implements, DOT Technology Corporation has become a leader in autonomous solutions for agriculture. For more than a year, the Dot Power Platform has been outfitted with Raven technology including steering, guidance, and propulsion.
“Over the last year and a half of collaborating with DOT, Raven has come to understand the value and uniqueness of the Dot Platform,” says Dan Rykhus, President and Chief Executive Officer of Raven Industries. “We are furthering our investment in and ownership of this unique, disruptive technology. By investing in DOT’s growth, we believe we have the ability to lead in the next revolution of production agriculture.”
This majority ownership will allow Raven to leverage its strengths in steering, guidance, and machine control technology alongside Dot’s field path planning, user control experience, machine safety, and remote communication software. Together, the pair will accelerate the development of precision ag technology from a semi- to fully-autonomous solution.
“Our majority ownership investment in DOT is clear evidence of our commitment to deliver revolutionary autonomous technology to the market,” says Brian Meyer, Division Vice President of Raven Applied Technology. “By bringing together DOT’s unique platform with our machine control technology, industry knowledge and OEM partnerships, Raven will be the market leader in autonomous precision agriculture advancements.”
“As a company, we launched the Dot Platform to change farming. Raven has been a critical partner in helping to get Dot to where we are today,” says Norbert Beaujot, Owner and Founder of DOT Technology Corp and SeedMaster Manufacturing Ltd. “Our combined technologies will undoubtedly help accelerate speed to market and adoption of machine automation.”
The transaction is expected to be final in November 2019.